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The Telegraph - Calcutta (Kolkata) - Business
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The Telegraph - Calcutta (Kolkata) | Business
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Bharti bait to seal MTN deal
Mumbai, May 15: If Bharti Airtel gains control of South Africa's MTN, the chairman of the combined entity will be MTN's non-executive chief Matamela Cyril Ramaphosa.
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Sistema buzz in the air
New Delhi, May 15: Russia's largest mobile operator Sistema, which has joined hands with Etilsalat's holding company DAS, is being seen as a potential partner in Etilsalat's bid for MTN.
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Court sweetener for sugar
Mumbai, May 15: The Supreme Court has asked the sugar mills in Uttar Pradesh to pay growers Rs 110 per quintal of cane. This is lower than the Rs 125 per quintal fixed by the state government for the 2007-08 sugarcane season (October-September).
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Bubble of hope for oil, gas producers
New Delhi, May 15: The Congress-led government is mulling tax sops for the exploration and production of both crude oil and natural gas, ahead of the next round of bidding for oil and gas blocks.
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Reliance Infratel gets IPO go-ahead
Mumbai, May 15: The Securities and Exchange Board of India (Sebi) is learnt to have cleared the proposed initial public offering (IPO) of Reliance Infratel Ltd, the tower arm of Reliance Communications (R-Com).
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Steel duty rollback hangs in balance
New Delhi, May 15: The government today said it had not received any proposal to cut the export duty on steel, a day after secondary steel producers agreed to cut prices on all flat products and galvanised sheets by Rs 4,000 per tonne.
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Europe interest in CSE
Calcutta, May 15: Two international stock exchanges have shown interest in picking up stakes in the Calcutta Stock Exchange (CSE).
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Citi arm trashes exit rumours
Mumbai, May 15: Citigroup, which has infused $250 million into its Indian operations this year, is not planning to exit its consumer finance business in the country.
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